Movement Alert|Compass, Inc. Intraday Rise 10.36% in Regular Trading, Q3 Earnings Beat Estimates and UBS Maintains Buy Rating

Market Focus
19 hours ago

On November 7, Compass, Inc. rose 10.36% in Regular Trading, trading at $10.18 per share, with turnover of $155 million.

The move followed a quarterly report that beat profit expectations and a subsequent broker note that maintained a Buy rating, even as the target price was trimmed to $14 from $15.

For the third quarter, Compass, Inc. posted diluted EPS of $0.07, compared with a loss of $0.01 a year earlier and above consensus expectations of $0.04. Revenue increased to $3.897 billion from $1.846 billion a year earlier, broadly in line with market expectations, reflecting a sharp year-over-year expansion.

The company also issued fourth-quarter revenue guidance of $3.15 billion to $3.35 billion, below the $3.43 billion consensus view. Even so, the earnings beat and return to profitability appeared to outweigh the softer outlook in the latest trading session.

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